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Boy Scouts seek bankruptcy protections as abuse lawsuits pile up

The Boy Scouts of America is taking legal action. Except not the kind of legal action that defends the organization from sex abuse allegations.

They are filing Chapter 11 bankruptcy. It would include a plan for the 110-year-old organization to continue operating.

Scores of lawyers are seeking settlements on behalf of several thousand men who say they were molested as scouts by scoutmasters or other leaders decades ago but are only now eligible to sue because of recent changes in their states’ statute-of-limitations laws, as reported by WHEC-TV.

Those lawsuits get put on hold by going to bankruptcy court. The bankruptcy petition listed the Boy Scouts’ assets as between $1 billion and $10 billion, and its liabilities at $500 million to $1 billion.

Programs are expected to continue, as the filing doesn’t impact local councils.

Categories: CourtsNews